Wake Up Call: ABA Approves Updated Guidance for Litigation Funding

In today’s column, at the ABA’s virtual annual meeting, its main governing body adopted a resolution urging states to drop risky in-person bar exams; the ABA got a new president and president elect; Big Law firms’ revenues only dropped by single percentage points in 2020’s second quarter, but the rest of the year could bring more declines; Jenner & Block and Simpson Thacher & Bartlett’s disputes with their landlords could provide a template for Big Law’s lease renegotiations post-Covid; Paul Hastings is the latest firm to expand its life sciences practice amidst the pandemic.

• Leading off, the American Bar Association’s ...